Ranking Global Indices

For all the BRICS trashing there is the Jiseki seasonality setting up a case for an underperformer getting ready to outperform. In this week TIME TRIADS issue we looked at top 10 regional Indices viz. Paris CAC 40, Hang Seng, DJ Stoxx 50 Index Euro, Bovespa Brazil, Frankfurt DAX, Nikkei 225, Shanghai Composite, BSE 30 India, S&P 500 and FTSE 100 Index. The results are invariably going to be counter intuitive as the worst is the potential best performer for us.
Chinese SSEC is the worst and coincidentally currently running a BUY with both price and Jiseki trend positive. Brazil the other laggard was also the worst ranker among 1000 global indices making it in the worst 10 percentile.  Even BOVESPA was positive price and Jiseki. The Indian Sensex at 35 percentile (ranking among 1000 global indices) is still attractive and inexpensive, but lacks price and Jiseki positive confirmation. Nikkei was in the 90 percentile ranking, top of the group. This was not the case when we carried the feature last time on 21 Jan 2013, as NIKKEI was at 21 percentile (an underperformer)
In terms of relative performance (i.e. short term momentum) FTSE, S&P500 and Sensex are the weakest while French CAC, Hong Kong Hang Seng, and STOXX 50 are relatively the strongest. So if we have to mix momentum (relative performance) with reversion (worst quarterly performance among the universe) we should buy the component that has the highest relative momentum but the least quarterly performance. Sensex does not top this list but still has a positive score. That means though Sensex may lack short term relative momentum, its overall underperformance status still makes it attractive. Hang Seng, CAC, Bovespa top the momentum net of reversion list.
Enjoy the latest Global Indices, Jiseki Query

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